FRANCE: Groupe DANONE Launches Buyout of Minority Interests of US Operations

By Company Press Release | 6 December 2000

Groupe DANONE is to launch a buyback offer for outstanding shares of Mecaniver, listed in Brussels, in which it already holds 89% of equity. Mecaniver is a holding company whose main interests include a 65% interest in Groupe DANONE's North American activities in fresh dairy products, through Dannon Co. and bottled water produced in North America by Dannon Water and McKesson.

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Groupe DANONE is to launch a buyback offer for outstanding shares of Mecaniver, listed in Brussels, in which it already holds 89% of equity. Mecaniver is a holding company whose main interests include a 65% interest in Groupe DANONE's North American activities in fresh dairy products, through Dannon Co. and bottled water produced in North America by Dannon Water and McKesson.

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